Filed: 2/17/2026ACC: 0001172661-26-001077
📋 What this filing means
LSP INVESTMENT ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 21 equity positions with a total reported market value of $188.06M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
21
Positions
$188.06M
Total AUM (reported)
4.70M
Total Shares
Allocation by class
COM$125.63M66.8%
COMMON SHARES$22.69M12.1%
TR UNIT$12.39M6.6%
CAP STK CL C$6.72M3.6%
GOLD MINERS ETF$6.05M3.2%
MSCI EMG MKT ETF$5.95M3.2%
RUSSELL 2000 ETF$3.82M2.0%
Portfolio Concentration
Top 3$119.92M63.8%
4–10$51.14M27.2%
11–25$17.00M9.0%
Top 3 weight
63.8%
Top 10 weight
91.0%
Voting Authority Distribution
Total shares with voting rights: 4.70M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
4.70M
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other21
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings21
Rows:
EXPAND ENERGY CORPORATION
DFNDShares509.72K
TypeSH
Market value$56.25M
29.91%
Sole
0.00
Shared
509.72K
None
0.00
EQT CORP
DFNDShares764.50K
TypeSH
Market value$40.98M
21.79%
Sole
0.00
Shared
764.50K
None
0.00
GULFPORT ENERGY CORP
DFNDShares109.10K
TypeSH
Market value$22.69M
12.07%
Sole
0.00
Shared
109.10K
None
0.00
SPDR S&P 500 ETF TR
DFNDShares18.16K
TypeSH
Market value$12.39M
6.59%
Sole
0.00
Shared
18.16K
None
0.00
COMSTOCK RES INC
DFNDShares409.90K
TypeSH
Market value$9.50M
5.05%
Sole
0.00
Shared
409.90K
None
0.00
ALPHABET INC
DFNDShares21.40K
TypeSH
Market value$6.72M
3.57%
Sole
0.00
Shared
21.40K
None
0.00
ANTERO RESOURCES CORP
DFNDShares189.50K
TypeSH
Market value$6.53M
3.47%
Sole
0.00
Shared
189.50K
None
0.00
VANECK ETF TRUST
DFNDShares70.50K
TypeSH
Market value$6.05M
3.22%
Sole
0.00
Shared
70.50K
None
0.00
ISHARES TR
DFNDShares108.83K
TypeSH
Market value$5.95M
3.17%
Sole
0.00
Shared
108.83K
None
0.00
MICROSOFT CORP
DFNDShares8.28K
TypeSH
Market value$4.00M
2.13%
Sole
0.00
Shared
8.28K
None
0.00
ISHARES TR
DFNDShares15.50K
TypeSH
Market value$3.82M
2.03%
Sole
0.00
Shared
15.50K
None
0.00
AMAZON COM INC
DFNDShares14.20K
TypeSH
Market value$3.28M
1.74%
Sole
0.00
Shared
14.20K
None
0.00
BATTALION OIL CORP
DFNDShares2.37M
TypeSH
Market value$2.68M
1.42%
Sole
0.00
Shared
2.37M
None
0.00
ISHARES INC
DFNDShares30K
TypeSH
Market value$2.42M
1.29%
Sole
0.00
Shared
30K
None
0.00
VANECK ETF TRUST
DFNDShares13.58K
TypeSH
Market value$1.55M
0.82%
Sole
0.00
Shared
13.58K
None
0.00
CONSTELLATION ENERGY CORP
DFNDShares2.21K
TypeSH
Market value$780.0K
0.41%
Sole
0.00
Shared
2.21K
None
0.00
CENTERPOINT ENERGY INC
DFNDShares16.25K
TypeSH
Market value$623.0K
0.33%
Sole
0.00
Shared
16.25K
None
0.00
EXELON CORP
DFNDShares13.27K
TypeSH
Market value$578.6K
0.31%
Sole
0.00
Shared
13.27K
None
0.00
ROBINHOOD MKTS INC
DFNDShares4.36K
TypeSH
Market value$493.6K
0.26%
Sole
0.00
Shared
4.36K
None
0.00
PUBLIC SVC ENTERPRISE GRP IN
DFNDShares5.35K
TypeSH
Market value$429.6K
0.23%
Sole
0.00
Shared
5.35K
None
0.00
DUKE ENERGY CORP NEW
DFNDShares3.06K
TypeSH
Market value$358.7K
0.19%
Sole
0.00
Shared
3.06K
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
EXPAND ENERGY CORPORATIONDFND | COM | 509.72K | SH | $56.25M 29.91% | 0.00 | 509.72K | 0.00 |
EQT CORPDFND | COM | 764.50K | SH | $40.98M 21.79% | 0.00 | 764.50K | 0.00 |
GULFPORT ENERGY CORPDFND | COMMON SHARES | 109.10K | SH | $22.69M 12.07% | 0.00 | 109.10K | 0.00 |
SPDR S&P 500 ETF TRDFND | TR UNIT | 18.16K | SH | $12.39M 6.59% | 0.00 | 18.16K | 0.00 |
COMSTOCK RES INCDFND | COM | 409.90K | SH | $9.50M 5.05% | 0.00 | 409.90K | 0.00 |
ALPHABET INCDFND | CAP STK CL C | 21.40K | SH | $6.72M 3.57% | 0.00 | 21.40K | 0.00 |
ANTERO RESOURCES CORPDFND | COM | 189.50K | SH | $6.53M 3.47% | 0.00 | 189.50K | 0.00 |
VANECK ETF TRUSTDFND | GOLD MINERS ETF | 70.50K | SH | $6.05M 3.22% | 0.00 | 70.50K | 0.00 |
ISHARES TRDFND | MSCI EMG MKT ETF | 108.83K | SH | $5.95M 3.17% | 0.00 | 108.83K | 0.00 |
MICROSOFT CORPDFND | COM | 8.28K | SH | $4.00M 2.13% | 0.00 | 8.28K | 0.00 |
ISHARES TRDFND | RUSSELL 2000 ETF | 15.50K | SH | $3.82M 2.03% | 0.00 | 15.50K | 0.00 |
AMAZON COM INCDFND | COM | 14.20K | SH | $3.28M 1.74% | 0.00 | 14.20K | 0.00 |
BATTALION OIL CORPDFND | COM | 2.37M | SH | $2.68M 1.42% | 0.00 | 2.37M | 0.00 |
ISHARES INCDFND | MSCI JAPAN ETF | 30K | SH | $2.42M 1.29% | 0.00 | 30K | 0.00 |
VANECK ETF TRUSTDFND | JUNIOR GOLD MINE | 13.58K | SH | $1.55M 0.82% | 0.00 | 13.58K | 0.00 |
CONSTELLATION ENERGY CORPDFND | COM | 2.21K | SH | $780.0K 0.41% | 0.00 | 2.21K | 0.00 |
CENTERPOINT ENERGY INCDFND | COM | 16.25K | SH | $623.0K 0.33% | 0.00 | 16.25K | 0.00 |
EXELON CORPDFND | COM | 13.27K | SH | $578.6K 0.31% | 0.00 | 13.27K | 0.00 |
ROBINHOOD MKTS INCDFND | COM CL A | 4.36K | SH | $493.6K 0.26% | 0.00 | 4.36K | 0.00 |
PUBLIC SVC ENTERPRISE GRP INDFND | COM | 5.35K | SH | $429.6K 0.23% | 0.00 | 5.35K | 0.00 |
DUKE ENERGY CORP NEWDFND | COM NEW | 3.06K | SH | $358.7K 0.19% | 0.00 | 3.06K | 0.00 |